Thursday, September 20, 2012

The Congressional Budget Office predicts in 2016 up to 6 million largely middle income workers will pay the PPACA "tax" or "penalty" or whatever we decide to call it, averaging about $1200. This is about 50% higher than previous estimates of impacted taxpayers.

A weak economy plays into the increased estimate.

According to the CBO, most of the payers will be in the middle class. Does this constitute a middle class tax increase?

In this political season hot rhetoric is flying from both sides. Expect the charges and counter charges to continue.